Principal Financial Group (PFG) Receiving Somewhat Positive News Coverage, Accern Reports
News headlines about Principal Financial Group (NYSE:PFG) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Principal Financial Group earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.6168391862102 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Principal Launches U.S. Mega-Cap Multi-Factor Index ETF (finance.yahoo.com)
- Principal Financial Group Inc (NYSE:PFG) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- Head-To-Head Comparison: Aflac (AFL) vs. Principal Financial Group (PFG) (americanbankingnews.com)
- Reviewing Principal Financial Group (PFG) & Its Rivals (americanbankingnews.com)
- 5 Top Large-Cap Earnings Growth Stocks to Buy Now – Nasdaq (nasdaq.com)
A number of analysts recently weighed in on the company. BidaskClub downgraded Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $68.00 target price on shares of Principal Financial Group in a research report on Thursday, August 3rd. Morgan Stanley boosted their target price on Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of Principal Financial Group in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.
Principal Financial Group (NYSE:PFG) opened at 67.21 on Friday. The firm has a 50-day moving average price of $63.77 and a 200-day moving average price of $64.04. The stock has a market capitalization of $19.42 billion, a PE ratio of 15.27 and a beta of 1.67. Principal Financial Group has a 52 week low of $52.08 and a 52 week high of $67.95.
Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. Principal Financial Group had a return on equity of 13.57% and a net margin of 10.15%. During the same period last year, the company earned $1.15 EPS. Equities research analysts predict that Principal Financial Group will post $5.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, August 30th. Principal Financial Group’s dividend payout ratio (DPR) is presently 42.73%.
In other news, EVP Gary P. Scholten sold 13,495 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $67.00, for a total value of $904,165.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James P. Mccaughan sold 60,817 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $66.98, for a total value of $4,073,522.66. The disclosure for this sale can be found here. Insiders sold a total of 150,272 shares of company stock valued at $9,696,407 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
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Principal Financial Group Company Profile
Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.
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